June marks Pride Month, and as celebrations around the world promote lesbian, gay, and bisexual and transgender (LGBT) diversity awareness, Bank of America not only supports diversity through associates awareness but through its products and services.
Bank of America was one of the first financial institutions to incorporate sexual orientation and gender identity into its nondiscrimination policies and offer comprehensive domestic partner benefits. The bank also was one of the first to offer an LGBT affinity credit card, these products now include the Elton John AIDS Foundation card, the Human Rights Campaign card, the Atlantis card, the Rainbow car, and the Olivia World Points card.
The bank will begin offering Human Rights Campaign deposits products on June 12 and Rainbow branded deposits products in August.
Merrill Lynch adds a robust set of wealth management products and services that deal with the issues faced by the LGBT community, helping customers work through the legal and financial maze of estate and retirement planning for domestic partners.
"Bank of America is proud to be one of today's progressive companies recognizing the unique needs not only of our LGBT associates, but also those of LGBT clients that we serve," said Jim Eckerie, Global Quality and Productivity and Enterprise Transition executive. LGBT Pride Resource Group executive sponsor and Global Diversity and Inclusion Council member.
"There is one of the many ways Bank of America reinforces the core value of doing the right thing," he added, "whether we are helping every customer and client pursue their financial goals based on their unique needs or creating an inclusive work environment that enables our associates to achieve their full potential."
The bank has received recognition from prestigious external groups for its commitment to LGBT associates and customers. Bank of America and Merrill Lynch have both consistently achieved a perfect score of 100% in the Human Rights Campaign Corporate Equality index, based on their domestic partner and work life benefits, recruiting efforts, associate resources groups and supplier diversity policies. The bank also placed the No. 14 in Diversity Inc's overall ranking of top companies.
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